Build good relationships with others.
-
Swiss franc overvalued but set to weaken -SNB chairman
The Swiss franc is too strong but should weaken, the Swiss National Bank's chairman has told a Swiss newspaper, adding that the bank was ready to intervene in foreign exchange markets if necessary, to influence the currency. "The franc is significantly overvalued and should therefore weaken over time," Thomas Jordan said in a discussion with readers of Schweiz am Sonntag, according to an article due to be published in the newspaper on Sunday. "In addition, we have emphasized we will become active in foreign exchange markets if required," Jordan said. The SNB abruptly abandoned a 1.20 francs per euro cap on Jan. 15, ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- May 31, 2015 11:05am May 31, 2015 11:05am
- shellsnail
- Joined Aug 2012 | Status: Trends, Levels, Confirmation, Bayes | 277 Comments
- Comment #2
- Quote
- May 31, 2015 4:41pm May 31, 2015 4:41pm
- Exodus
- Joined May 2012 | Status: CoC'd again ! | 4760 Comments
Carbon-Dioxide: the gas of life!
- Comment #3
- Quote
- May 31, 2015 5:14pm May 31, 2015 5:14pm
- glenngie
- | Joined Nov 2009 | Status: Member | 1323 Comments